Statistical news focuses on the latest figures and trends in Danmarks Nationalbank’s statistics. Statistical news is targeted at people who want quick insight into current financial data.
Private customers' deposits continued to increase in 2024
The appetite for saving among private customers continued in 2024. Their total deposits rose by kr. 63 billion, reaching a new record of kr. 1,191 billion in December. This means that, on average, each adult Dane had approximately kr. 245,000 in their deposit account. However, deposits vary significantly among private customers. The typical private customer has a considerably lower deposit than the average, while a smaller proportion has a much larger deposit than the average.
Danes had kr. 1,191 billion in bank savings at the end of 2024
Note:
The figure shows the total deposits of Danish private customers (employees, pensioners, etc.) in financial institutions between 2015 and 2024. Find chart data in the Statbank.
The increase in private customers' deposits in 2024 was evenly split between demand deposit accounts and fixed term deposit accounts, at kr. 32 billion and kr. 31 billion, respectively. Of the increase in private customers' fixed term deposits, kr. 18 billion was linked to pooling schemes. These typically include pension and children's savings, which banks invest on behalf of customers. The returns from pooling schemes, which reflect the performance of the investments, are typically credited to private customers' deposit accounts in December.
Note:
The figure shows the change in the deposits of Danish private customers (employees, pensioners, etc.) divided into demand and fixed-term deposits, as well as the share of fixed-term deposits that is contained in pooled schemes.